US$ softer, investors ponder Dec rate hike view

London

THE dollar index was subdued on Wednesday as Treasury yields ticked lower after US consumer prices suggested underlying inflation was moderating, prompting investors to trim bets on an interest rate hike later this year.

The index was down 0.2 per cent at 97.696, below Monday's seven-month high of 98.169. Against the yen, it was down 0.5 per cent at 103.35 yen while the euro was slightly higher at US$1.09965.